60 Degrees Pharmaceuticals Defines Potential Human Babesiosis Market Size for ARAKODA® (tafenoquine): Annual Max TAM, Sales of $245 Million; Cumulative through Patent Expiration, $1.1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2025
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Should l Buy SXTP?
Source: Newsfilter
New Drug Application for ARAKODA: 60 Degrees Pharmaceuticals plans to submit a New Drug Application for ARAKODA (tafenoquine) for the treatment of human babesiosis in 2026, contingent on positive results from three ongoing clinical trials.
Market Potential and Unmet Need: The total addressable market for ARAKODA in treating babesiosis is estimated at 380,000 patients with potential annual sales of $245 million, highlighting a significant unmet medical need due to the absence of FDA-approved treatments for this tick-borne illness.
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Analyst Views on SXTP
Wall Street analysts forecast SXTP stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 3.510
Low
3.40
Averages
3.40
High
3.40
Current: 3.510
Low
3.40
Averages
3.40
High
3.40
About SXTP
60 Degrees Pharmaceuticals, Inc. is a specialty pharmaceutical company. The Company specializes in developing and marketing new medicines for the treatment and prevention of infectious diseases. It is focused on using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The Company's pipeline under development covers development programs for vector-borne, fungal, and viral disease utilizing three of the Company’s products: new products that contain the ARAKODA regimen of Tafenoquine; new products that contain Tafenoquine, and Celgosivir. Its lead product, ARAKODA is used for malaria prevention in individuals 18 years and older. It is also conducting due diligence activities in relation to potential in-licensing of a product relevant to Lyme disease and an antimalarial combination partner for Tafenoquine for P. vivax malaria.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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